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Business News

Telecom CEOs appear before federal committee, tell MPs prices are coming down

Telecom CEOs appear before federal committee, tell MPs prices are coming down

Mar 18, 2024 / 10:08 am

The chief executives of Canada's three largest telecom companies stressed that phone and internet prices are coming down during an appearance before MPs on...

National home sales in February up nearly 20% compared with year ago

National home sales in February up nearly 20% compared with year ago

Mar 18, 2024 / 6:50 am

The Canadian Real Estate Association says February home sales jumped 19.7 per cent compared with a year ago. The association says the increase in part reflected...

'Art and science:' How bracketologists are using artificial intelligence this March Madness

'Art and science:' How bracketologists are using artificial intelligence this March Madness

Mar 18, 2024 / 5:47 am

College hoops fans might want to think again before pinning their hopes of a perfect March Madness bracket on artificial intelligence. While the advancement of...

Uber pays $178 million to end legal fight with Australian taxi drivers

Uber pays $178 million to end legal fight with Australian taxi drivers

Australia Mar 17, 2024 / 8:00 pm

Global rideshare giant Uber will pay 272 million Australian dollars ($178 million) to settle a long-running dispute with Australian taxi and hire car drivers...

Apple to pay $490 million to settle allegations that it misled investors about iPhone sales in China

Apple to pay $490 million to settle allegations that it misled investors about iPhone sales in China

Mar 15, 2024 / 4:33 pm

Apple has agreed to pay $490 million to settle a class-action lawsuit alleging CEO Tim Cook misled investors about a steep downturn in iPhone's sales in...

February housing starts increased 14% from January: Canada Mortgage and Housing Corp

February housing starts increased 14% from January: Canada Mortgage and Housing Corp

Mar 15, 2024 / 5:53 am

Canada Mortgage and Housing Corp. says the annual pace of housing starts in February climbed 14 per cent compared with January. The national housing agency says...

Honda and Nissan agree to work together in developing electric vehicles and intelligent technology

Honda and Nissan agree to work together in developing electric vehicles and intelligent technology

Japan Mar 15, 2024 / 5:49 am

Nissan and Honda announced Friday that they will work together in developing electric vehicles and auto intelligence technology, sectors where Japanese...

McDonald's system outages have been reported worldwide. The chain says they're getting fixed

McDonald's system outages have been reported worldwide. The chain says they're getting fixed

Mar 15, 2024 / 5:48 am

System failures at McDonald's were reported worldwide Friday, shuttering some restaurants for hours and leading to social media complaints from customers,...

International students face growing mental distress in Canada, advocates warn

International students face growing mental distress in Canada, advocates warn

Canada Mar 15, 2024 / 5:39 am

When Gobindbir Singh describes the stress international students are under, he remembers a young man who called in tears. Unable to pay his tuition for the...

Lyft and Uber say they will leave Minneapolis after city council forces them to pay drivers more

Lyft and Uber say they will leave Minneapolis after city council forces them to pay drivers more

Minneapolis Mar 14, 2024 / 5:14 pm

Lyft and Uber said they will cease operations in Minneapolis after the city's council voted Thursday to override a mayoral veto and require that...

SpaceX comes close to completing test flight of mega rocket but loses spacecraft near end

SpaceX comes close to completing test flight of mega rocket but loses spacecraft near end

Texas Mar 14, 2024 / 1:18 pm

UPDATE 1:15 p.m. SpaceX came close to completing an hourlong test flight of its mega rocket on its third try Thursday, but the spacecraft was lost as it...

Sobeys parent sees earnings rise 8.5 per cent as shoppers continue seeking deals

Sobeys parent sees earnings rise 8.5 per cent as shoppers continue seeking deals

Mar 14, 2024 / 10:08 am

The parent company of the Sobeys, Safeway and FreshCo grocery chains saw net earnings in its latest quarter rise 8.5 per cent to $134.2 million. That compares...

How Chinese is TikTok? US lawmakers see it as China's tool, even as it distances itself from Beijing

How Chinese is TikTok? US lawmakers see it as China's tool, even as it distances itself from Beijing

Mar 14, 2024 / 10:00 am

If some U.S. lawmakers have their way, the United States and China could end up with something in common: TikTok might not be available in either country. The...

Former Treasury Secretary Steve Mnuchin says he's putting together investor group to buy TikTok

Former Treasury Secretary Steve Mnuchin says he's putting together investor group to buy TikTok

Mar 14, 2024 / 9:55 am

Former Treasury Secretary Steven Mnuchin said Thursday that he will put together an investor group to buy TikTok after the House passed a bill that would ban...

Manufacturing sales up 0.2 per cent in January: Statistics Canada

Manufacturing sales up 0.2 per cent in January: Statistics Canada

Canada Mar 14, 2024 / 6:34 am

Statistics Canada says manufacturing sales rose 0.2 per cent to $71.1 billion in January, led by strength in the motor vehicle and chemical subsectors. The...

Transat sees Q1 net loss of $61M, says bookings impacted by strike speculation

Transat sees Q1 net loss of $61M, says bookings impacted by strike speculation

Montreal Mar 14, 2024 / 5:45 am

Transat A.T. Inc. reported a net loss of almost $61 million in its latest quarter compared with a net loss of about $56.6 million a year ago as revenue climbed...

US retail sales up 0.6% in February, bouncing back from decline to start the year

US retail sales up 0.6% in February, bouncing back from decline to start the year

United States Mar 14, 2024 / 5:41 am

Shoppers picked up their spending in February after a pullback the previous month, reflecting the mixed feelings Americans have in an economy where prices are...

Biden is coming out in opposition to plans to sell US Steel to a Japanese company

Biden is coming out in opposition to plans to sell US Steel to a Japanese company

Washington Mar 14, 2024 / 5:41 am

President Joe Biden is coming out in opposition to the planned sale of U.S. Steel to Nippon Steel of Japan, saying in a statement to be released Thursday that...

Election disinformation takes a big leap with AI being used to deceive worldwide

Election disinformation takes a big leap with AI being used to deceive worldwide

Mar 14, 2024 / 5:35 am

Artificial intelligence is supercharging the threat of election disinformation worldwide, making it easy for anyone with a smartphone and a devious imagination...

Dollar Tree to close nearly 1,000 stores, posts surprise fourth quarter loss

Dollar Tree to close nearly 1,000 stores, posts surprise fourth quarter loss

Mar 13, 2024 / 6:45 pm

Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 stores after the discount retailer slashed the value of a rival chain it...

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